Why are so many boomers working longer?

I did a 2008-2012 look at the local participation rate and unemployment by age groups that dovetails nicely with this very good read on this labor market trend in our area.   Tri-Cities annual jobless rates, labor force participation … [Read more...]

TN Housing Agency announces below-market interest rate

Tennessee Housing Development Agency (THDA) has reduced its mortgage loan interest rate to 3.99% (5.71% APR). THDA’s Great Choice mortgage loans provide optional downpayment assistance and 30-year fixed rate mortgages to qualified first-time, … [Read more...]

Tri-Cities new home industry heating up

Weather stalled new home construction in the Tri-Cities during the first quarter. But now that winter has broken some construction crews are working weekends as the industry races to find its post-recession norm. Kingsport-Bristol - Johnson City … [Read more...]

Local economic data in simple list form updated as it becomes available

March (Q1) existing home sales and prices, Avg. private sector wages down, Non-farm jobs added, Most city, all county unemployment rates down, Kingsport-Bristol and Johnson City HPI up. Kingsport-Bristol, Johnson City MSA foreclosure rates decline. … [Read more...]